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Show Cross Currents November 20, 1998 Telluride Ski Corp. for women to explore the mountain and e their skiing skills in a fun atmosphere. Clinics are held once a week for three weeks. Reservations required. (970) 0 fine-tun- Nightlife Joey and the Slackers will perform from 9:30 p.m. to 1:30 a.m., Nov. 27-2- 8 at the Sports Page in Pagosa Fri.-Sa- Theater Bye, Bye Birdie will be staged Fri. and Sat., Nov. 20-2- 1 at the Pagosa School Tickets auditorium. Springs High $10adults, $7students 13-1- 8, $512 and younger. Tickets are on sale at Moonlight Books, Sisson Library, Silver Mine Country Store and Wild Hare. Lectures, Workshops Protect Your $10,000 annually (further restrictions may apply to some employees). In addition, many companies match employee 401 (k) contributions. Employees contribute to a 401 (k) directly form their paychecks, before income taxes are withheld. Future Dollars & Sense 728-690- t., Springs. are 17 An Introduction to Hynotherapy Workshop will be held from 10 a.m. to 4 p.m., Sat., Nov. 21, in Pagosa Springs, llene Haykus, MA, CHT, will teach the basics of hypnotherapy and trance induction. Participants will gather the tools to record their own hypnosis tapes to create positive changes in their lives. This event is sponsored by the Alchemy Institute. The fee is $25. (970) 5 Exhibits and Cultural Sites The Ouray County Museum is open from 10 a.m. to 4 p.m., Mon. through Sat. Admission is $3adults, $lchildren, children younger than 6 are free. (970) 325-457- 6. TSBP Rodney B. Swearingen Durango, CO Vice President Investments Plan Today for a Comfortable Tomorrow Special Events The Parade of Lights takes place Sat., Nov. 28 in Monticello. There will be a decorated boat parade, Santa Claus and a chili cook-of- f. 0 (435) 684-700- Financial independence by the time we retire is a realizable goal for most of us. However, experts warn that Social Security and company pension and Bluff Expeditions, a backcountry plans are playing less and less a role in achieving this objective. As a result, a expedition operation, has announced initheir fall 1998 nonprofit g growing number of Americans are tiative. Beginning in November, 10 perestablishing and contributing to retirecent of revenues generated by nonprofit ment plans of their own. groups who book a room at the inn or a A retirement fund can trip with Bluff Expeditions will be donatallow your savings to grow free of ed to the nonprofit group. (888) taxes until withdrawn, enabling your assets to grow faster than a taxable account. For example, a $2,000 annual Exhibits, cultural sites retirement investment that earns 9 perSky in Motion, Etched in Stone, an Special Events Opening day benefit sponsored by exhibit featuring artist Jan Wright is at cent each year would grow to over the Telluride Ski Area is Tues. Nov. 24. the Edge of the Cedars State Park in $11 1,000 in 20 years; the same investAll net lift ticket proceeds are donated to Blanding. The show, featuring solstice ment in an account taxed at 28 percent the Telluride Ski Club. Tickets are $18; markers and calendrical rock art, runs annually would reach approximately children 5 and under ski free. (970) through Dec. 31. (435) $77,000 during the same period. Whats more, when you contribute The Presbyterian Womens Bazaar for the Items take place Fri., Nov. 20 at the to some types of retirement plans, the Happenings Guide must be amount you contribute may be tax Community Center, 320 Sixth Ave. in submitted 10 days prior Ouray. This event provides Christmas deductible. For instance, a $2,000 to the day of publication. 6 shopping fun for all. (970) deductible contribution for a person in Items may be submitted by: Yulenight celebrates the Christmas the 28 percent federal tax bracket Fax - (970) season Dec. 6 in Ouray. Featuring gallery result in a $560 tax savings. would Mail - P.O. Box 1950, walks and tours of Ourays art galleries. And that doesnt include money saved Durango CO 81302 -on state and local taxes. Recreation You can contribute up to $2,000 crosscurrents Womens Ski Clinics, take place Dec. durangoheraid.com 4, 9 and 18. They are sponsored by annually to an IRA; couples can set aside up to $4,000. IRAs are tax deductible for anyone who is not covretireered by an employer-sponsore- d ment plan. Furthermore, even if you or your spouse is covered, IRA contributions may still be deductible if you meet certain annual income restrictions. Employees of a business that has a 401 (k) plan or salary reduction SEP may be allowed to contribute as much as 15 percent of their income, up to The Pioneer House, a historic inn fund-raisin- 264-428- 678-223- 325-461- 259-501- 1 8. Employees of government, nonprofit, religious, charitable, public safety or scientific organizations can participate in a 403 (b) retirement plan, which is similar to the 401 (k) but with several unique features. If you leave your employer and receive your retirement funds, you can postpone and possibly reduce the tax that you would otherwise pay by transferring the assets directly into another IRA employers plan or a rollover. Unless you make a direct rollover of your pension plan assets into another qualified account, without self-direct- physically receiving a check, your former employer must withhold 20 percent of the money against taxes. It may be tempting to actually hold a check in hand, but it will make it much more difficult to do a complete rollover. The amount of money that youll have accumulated by retirement depends in part upon how the assets within your account are invested. You can choose from a wide range of investments, including stocks, bonds, mutual funds, and international securities. Most investment professionals recommend no less than 5 percent and no more than 50 percent exposure to any one investment type. The amount that you have in each type of investment within the retirement plan should depend on your risk tolerance, your investment goals, and market conditions. The best way to map out a plan for your future is to discuss your situation with a trusted investment professional. By working together, you can set up a portfolio that will help allow you to meet your current expenses yet help ensure that youll have a comfortable retirement. Rodney B. Swearingen is an with Investment the Executive Durango office of Piper Jaffray Inc., a full service investment firm founded in 1895 Member SIPC, NYSE, Inc. Brought to you by... PIPER JAFFRAY, INC. 1199 Main Ave. Suite 201, Durango, CO OF DURANGO, CO or (970) 385-694- 9 Please visit us at our offices in the Burns Bank building. |